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1792 H10C Half Disme, Judd-7, Pollock-7, R.4, XF40 PCGS. Throughout the broad range of U.S. coinage from 1792 to the presen...

2006 September Long Beach, CA Signature Auction #416

 
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Auction Ended On: Sep 14, 2006
Item Activity: 11 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Impressive 1792 Half Disme, XF40
1792 H10C Half Disme, Judd-7, Pollock-7, R.4, XF40 PCGS. Throughout the broad range of U.S. coinage from 1792 to the present day, this issue is arguably the most significant of any that has ever been struck. Although still recorded as a pattern issue in current references, most numismatists now consider the 1792 half disme to be a regular issue coin. Over the years, much has been speculated and much has been written, but little is known for sure. We know that these coins were struck in July 1792, prior to completion of the actual Mint buildings, thus they were struck at another location. That location is generally believed to be John Harper's cellar, just a short distance from the Mint site. The actual mintage is not known, although evidence points to 1,500 coins, and this seems appropriate, based on the number that are still in existence today, about 200 pieces. A number of different pattern coins were struck by the U.S. in 1792, but the half disme is the only one that was produced in large enough quantity to be considered a regular issue. Late in the year, President Washington referred to these coins in has national address. For over 200 years, these coins have been among the most prized numismatic items ever issued by the United States.
This is a splendid higher grade circulated example with pleasing pewter-gray color, somewhat darker along the obverse border and lighter on the devices. Close examination reveals a few faint scratches, particularly on the reverse, and fainter hairlines on both sides. One reverse scratch from the E of STATES to the top of the eagle's wing may prove to be an adequate pedigree marker. When this piece was struck, the die faces were slightly out of parallel with the lower obverse and upper reverse borders weakly defined.
From The Troy Wiseman Collection.(Registry values: P9) (PCGS# 11020)

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